One of the Hunter Valley’s most iconic vineyards, Tulloch Wines, is up for sale after four generations of family ownership and involvement.
The winery is located at De Beyers Road, Pokolbin, and produces 50,000 cases annually. It is famed for its Verdelho, with Wine Selectors noting “the Tullochs are masters of Verdelho”.
In 1969, the winery was sold to British publishing company Reed Consolidated before being passed through successive corporate ownerships, the last being conglomerate Southcorp. The Tulloch family has remained involved in its management and winemaking throughout the period.
In a statement, the family said the brand was “seeking investors for the next phase of the Tulloch story, as the majority shareholder reaches retirement”.
According to the Cessnock Advertiser: “It is understood the sale is the result of majority shareholder, the Upper Hunter-based Inglewood Wines headed by Sydney businessman Ross Pitts, wishing to quit the business. Other shareholders are Jay Tulloch and his family (20%) and the South Australian Angove family wine company (15%).”
The Tulloch story began in 1838 when James Tulloch arrived in Australia from his homeland of Scotland and settled in Camberwell. James’ grandson, John Younie (J.Y.) Tulloch owned the Branxton General Store and accepted an unusual settlement for a debt – a 43 acre property in nearby Pokolbin. Tulloch took an immediate liking to the property and the five acres of neglected Shiraz vines it contained and undertook his first foray into viticulture and winemaking.
More than 150 years later, CEO Christine Tulloch said she had “mixed emotions about Tulloch Wines hitting the market for sale”.
“But if you’ve ever wanted to own your own wine brand, this one is a beauty,” she added.
Tulloch Wines is being offered for sale by wine broker Toby Langley of Langley & Co through an expressions of interest campaign closing on Friday, July 30. Price expectations are in excess of $10 million.
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